The money realized from the sale of each issue of bonds shall be credited to a special fund in the State Treasury, separate and distinct from the General Fund, to be designated the Elderly and Disabled Housing Fund. Moneys in the Elderly and Disabled Housing Fund are continuously appropriated to the Housing and Community Services Department for the purpose of carrying out the provisions of ORS 456.515 to 456.725. Moneys in the fund may not be used for any other purpose, except that the moneys, with the approval of the State Treasurer, may be invested as provided by ORS 293.701 to 293.820 and the earnings from the investments shall be deposited into the Elderly and Disabled Housing Sinking Fund maintained under ORS 456.543. [1977 c.485 §6; 1981 c.695 §3; 1995 c.79 §240; 2005 c.755 §41]
Section: Previous 456.514 456.515 456.519 456.524 456.527 456.530 456.531 456.535 456.539 456.541 456.543 456.547 456.548 456.550 456.553 NextLast modified: August 7, 2008